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Details
- LEVEL. Beginners and intermediate
- TUTOR.
- LOCATION. The Institute for Creative Enterprise
Costs
- ARTS. £50
Finance for Small Arts Companies - Last few places
08 October 2009 9:30am - 4:30pm
CLOSED
Course Details
This course covers the basics of financial management for solo artists, freelancers, project managers and company administrators in a way designed to remove some of the fear finance can engender. Making finance fun might be taking it too far - less fearsome might be right.
Who is it for?
Solos artists, freelancers, project managers, company administrators - anyone who has to take charge of the financial aspects of their own or others work. It assumes some experience but no formal training.
Outline
Financial management of the business can be very frightening for small arts organisations - and yet it is a vital part of surviving, let alone thriving. Through a series of exercises and case studies the course will look at, and explain:
- Profit and loss (surplus and deficit) - earnings in the year
- Balance Sheets - what the organisation owns and what it owes to others at the end of the year
- Cashflows - and the difference between profit/surplus and money in the bank!
- Spreadsheet book-keeping v. computerised systems (pros and cons of each)
- Budgets
- NI, Tax and VAT (in outline only)
Learning outcomes:
- Increased confidence in dealing with one’s own or the organisation’s finances
- Understanding of some of the important concepts and jargon used in accounting
- Understanding of what sort of accounting is being used - cash book or computerised - and which is most appropriate for the individual circumstances
- Increased confidence dealing with bank managers, accountants, boards.